EPS Ahead of Forecast; GEO Raises 2021 EPS Guidance
Geo Group (NYSE: GEO) was featured in a company-sponsored research earnings release note published by Sidoti & Company LLC. The report reads, “We expect higher occupancy rates, in particular at the ICE centers, to be more than offset by reduced revenue from the Bureau of Prisons (‘BOP’) and U.S. Marshals Service (‘USMS’) following a change in federal policy by the Biden administration…we forecast a 3% EPS advance in 2021 followed by a 15% decline in 2022.”
To access the full report, visit https://ibn.fm/J6p8y
About Geo Group Inc.
The Geo Group is a real estate investment trust that specializes in the ownership, lease and management of correctional, detention and re-entry facilities. U.S. Corrections and Detention (67% of 2020 revenue) encompasses United States-based public-private partnership corrections and detention business. GEO Care (23%) consists of community-based services, youth services, and electronic monitoring and supervision services. International Services (9%) includes detention operations in South Africa, Australia and the United Kingdom. Facility Construction and Design (1%) contracts with states, local, federal and international agencies for the design and construction of facilities. Please visit www.GeoGroup.com.
About Sidoti & Company LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.Sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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